Toyota Is Fined $1.2 Billion for Concealing Safety Defects —

15 Июн 2015 | Author: | No comments yet »
Toyota Fine-S

Toyota Is Fined $1.2 for Concealing Safety Defects

Discusses Toyota’s Settlement

General Eric H. Holder Jr. that Toyota had reached a billion deal with the Department to settle a four-year investigation.

Eric H. Holder Jr. the States attorney general, in impassioned tones on Wednesday Toyota’s behavior in hiding defects from the public, it “shameful” and a “blatant disregard” for the A $1.2 billion criminal the largest ever for a carmaker in the States, was imposed.

Mr. Holder the department’s four-year investigation of found that the company information about defects consumers and government officials, lives at risk because of parts that caused unintended acceleration in several of its

But Toyota wasn’t the only on everyone’s mind.

General is now the subject of a Justice Department over its failure to recall with a defect that is to 12 deaths. And while Mr. Holder did not questions about the G.M. he said the Toyota case be a model for its newly vigilant to automotive safety.

“Other car companies should not Toyota’s mistake,” Mr. Holder at a news conference in Washington. “A may damage a company’s reputation, but your customers makes damage far more lasting.”

In 2010, Toyota announced it halt sales of some models to fix gas pedals that stick. Credit Nick Press

In the Toyota settlement, the Department agreed to defer on one count of wire fraud for years, provided that it the financial penalty and submits to a independent review of its safety

Toyota said in a statement it had made fundamental changes in its structure and internal safety since the government started its four years ago.

this agreement, while is a major step toward this unfortunate chapter us,” said Christopher P. chief legal officer of North American division.

The agreement comes as the Justice is beginning to investigate the failure by Motors to fix Chevrolet Cobalts and models equipped with ignition switches that can off engines and disable air bags.

month, G.M. announced it was 1.6 million of the cars. The automaker’s executive, Mary T. Barra, has apologized and vowed to cooperate investigations by the National Highway Safety Administration and two congressional

Ms. Barra declined to talk a possible Justice Department when asked during a with reporters on Tuesday.

said that Toyota problems related to floor and sticky accelerator pedals and misleading statements to consumers in an to defend its brand image.

recalled more than 10 vehicles in 2009 and 2010 for related to unintended acceleration. The modified gas pedals and floor and made brake-override systems on new models.

While regulators have not an exact number of deaths with the defect, the company faces many wrongful and personal injury lawsuits.

The which also has paid $66 in civil penalties, said that it had made internal changes including starting teams to investigate potential

“At the time of these recalls, we full responsibility for any concerns our may have caused customers, and we ourselves to earning their Mr. Reynolds said.


was accused of hiding data on pedals. Credit Kamil Pressphoto Agency

While the billion penalty is the biggest for a carmaker, it still represents a fraction of the more than $60 that Toyota has in cash


Toyota Fine-S

And although Toyota fell in the short term the recalls, the company has recovered of the market share it lost in the States.

Even with its Toyota felt pressure to reach a deal. There has a growing sense among that a prolonged investigation ultimately do more damage to the image in the United States a settlement, people with of the company’s thinking say.

The grilling of Akio Toyoda, the executive, in Congress in 2010 many Toyota executives, and has as a constant reminder of the consequences of out of public favor in the United these people say.

As for investigators, people briefed on the investigation said the F.B.I. the same techniques applied to into financial fraud at like Enron.

Investigators internal Toyota documents acknowledged serious problems its vehicles. They matched documents with the company’s statements, which played the problems, according to one federal law official who spoke on condition of

“That’s when we knew for that this was a criminal case,” the official said. what you’d call a gun.”

And while authorities not comment on G.M. specifically, who worked the Toyota case away with the view this was a priority industry here, corporate fraud kill people.

Congressional and regulators have asked for company documents that how the automaker discovered problems ignition switches as far back as

The company has admitted in filings federal regulators that it had fixes for the problem on at least two but did not follow through.

Ms. Barra Tuesday that G.M.’s own had yet to yield answers as to how the problem was to continue.

The internal inquiry is led by a former United States Anton R. Valukas, and will several months.

Correction: March 19, 2014

An version of this article at one point the year of a crash killed one woman and injured It was 2007, not 2005.

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Toyota Fine-S
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Toyota Fine-S


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